The Capitol

WASHINGTON, DC–Last week we reported that a source told us the Senate bill to roll back the Dodd-Frank Act’s banking regulations might include a clause that would give some relief from the High Volatility Commercial Real Estate Loans, or HVCRE, rule. The bipartisan Clarifying Commercial Real Estate Loans — now called Promoting Construction And Development on Main Streetdid make it into the final bill, which was passed by the Senate. It was not completely ideal — it wound up leaving several important aspects up to the regulators, including the risk weight that should be applied to higher-risk construction lending, according to CREFC.